s 332
In forceMAI commission must decide UVP liability contribution
Chapter 6Motor accident injuries insurance
Part 6.9Nominal defendant fund
332 MAI commission must decide UVP liability contribution
(1)
The MAI commission must decide an amount (the UVP liability contribution) to be paid to fund the present and likely future liability under this Act of the nominal defendant for—
(a)
claims in relation to unregistered vehicle permits; and
(b)
applications for defined benefits in relation to unregistered vehicle permits.
(2)
The MAI guidelines may make provision in relation to UVP liability contributions, including provision for the following:
(a)
how UVP liability contributions are to be worked out;
(b)
the factors to be taken into account in working out UVP liability contributions.
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